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China stop funding to PAK

China stop funding to PAK

China stop funding to PAK
December 05
14:09 2017

BY bv. Phani Kumar

GOOOGLE NEWS TEAM

China gave unexpected shock to Pakistan.  China today announced that it will stop funding three road projects in Pakistan as part of the China-Pakistan Economic Corridor. China is projecting a $ 50 billion CIPEC project.  The construction of three road projects in Pakistan is underway for three months. The dawn of the Pakistan magazine claimed that China had made this decision because of lack of speed.

The Chinese government’s decision will have a serious impact on the projects undertaken by the Pakistan National Highway Authority (NHA). Meanwhile, China senior officials have announced that the funds will be cut until the new regulatory system is finanalised.

By helping Pakistan to seal a terrorist country  China feels the demand for China’s products in foreign trade has been reduced. This road construction work is being used to shore up Chinese products in India’s largest market.The Chinese market has already lost its confidence in the international market. The US also warned Pakistan several times. China has learned that the demand for their products in India decreased. It is also said that China, which already has financial problems, has stopped funding Pakistan to get out of it.

Pakistan officials have responded to China’s suspension of funds. Pakistan says it is misleading China that it is mischievous and untraceable in some CPEC projects. Pakistan hopes China has stopped funding only with suspicions that corruption is taking place in the CPEC.
This prestigious project undertaken by China will link Pakistan from occupied Kashin, Balochistan to Jinjiang regions in China. At present, Dera Ismail Khan is the 214km from Jahab in the region. Road works will end. Road works that are built on the Karakoram highway, 110 km between Khuzdar and Baismima, are in trouble.

In fact, these projects are in the government’s own development program. These roads also come into the CPEC project and China has also been granted funding. But with the increase in corruption in the project, China has stopped funding. Pakistan is surprised and shocked that China’s funding on roads being part of the CPEC.

 

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